Elon Musk has always backed Dogecoin , a cryptocurrency based on memes, in which he holds investments, besides in Bitcoin and Ether. The former fan of Bitcoin says that Dogecoin has an advantage over Bitcoin and other cryptocurrencies and believes it to be the most promising cryptocurrency for trading.
Read moreIs Tesla still accepting Dogecoin?
Tesla CEO Elon Musk has announced that the company’s supercharging station will accept cryptocurrency Dogecoin as payment . Santa Monica Supercharger will officially accept Dogecoin as payment, making it the first Supercharger in Tesla’s network to accept the crypto as a payment method.
Read moreWhat cryptocurrency does Tesla use?
Dogecoin is currently the only digital currency Tesla accepts.
Read moreWhy is Cardano ADA so cheap?
Why is Cardano so cheap? Cardano is so cheap because it is a fairly new project that has not caught mainstream attention like Bitcoin or Ethereum . The second factor is that there exists 45 billion Cardano. So the relative price per share (ADA) is low because of the total supply being so large.
Read moreIs ADA a DeFi coin?
The first usable decentralized finance (DeFi) application on the Cardano ($ADA) ecosystem has launched after conducting an under-the-radar offering. … The Cardano network notably led the cryptocurrency market in developer activity last year, with Kusama and Polkadot behind it.
Read moreWhy does Elon Musk support Dogecoin?
When asked why he supports Dogecoin, Musk responded on Twitter: “Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge. They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge – it felt like the people’s crypto .”
Read moreDoes Tesla have a cryptocurrency?
With about 43,200 bitcoins, Tesla owns more of the world’s largest cryptocurrency than eight of the top ten corporate holders , according to Bitcoin Treasuries, but pales in comparison to MicroStrategy, the data analytics firm led by staunch bitcoin bull Michael Saylor, which owns 125,051 coins worth about $5.4 billion.
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